Growth of $10,000

Risk Measures as at November 30, 2017

Best/Worst 12 months (since inception)

Best (ending Aug 11):

101.43

Worst (ending Dec 13):

-53.10

Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)

Low High

Fund Objectives

The Fund seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the COMEX gold futures contract for a subsequent delivery month. The Fund is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETFs investment will be hedged back to the Canadian dollar to the best of its ability.

Portfolio Manager(s)

ProShare Advisors LLC - Mgmt. Team

ProShare Advisors LLC

Start Date: January, 2008

Fund Return: -1.92%

ProShares is part of the $28 billion ProFunds Group, the leader in short and leveraged ETFs and mutual funds, managing approximately 85% of the nation's short and leveraged fund assets. ProFunds Group also includes the family of more than 100 ProFunds mutual funds and manages the Canada-based Horizons BetaPro ETFs. ProFunds Group describes the portfolio managers common to ProFund Advisors LLC, advisor to ProFunds mutual funds; and ProShare Advisors LLC, advisor to ProShares ETFs.

Horizons BetaPro Funds - Mgmt. Team

Horizons Exchange Traded Funds Inc.

Start Date: January, 2008

Fund Return: -1.92%

BetaPro Management Inc. (┐BetaPro┐) is an innovative financial services company and Canada┐s sole provider of leveraged and inverse leveraged ETFs. HBP ETFs allow investors to profit or protect in bull and bear markets. The company currently manages over $1.75 billion through 28 ETFs. BetaPro is an associate of Jovian Capital Corporation, a publicly traded management and holding company with interests in a variety of financial service firms specializing in wealth and asset management; listed on the TSX (JOV). The Jovian group of companies operates as a national financial services organization with approximately $14.6 billion of client assets.